How long would iR take to double your money in an account paying 8% compounded quarterly? Ignoring leap years, the investment will be doubled inyears and days. (Round to the nearest whole number as needed)

Q: What interest will be earned if $6600 is invested for 4 years at 12% compounded monthly? (round to…

A: Given that, $6600  invested for 4 years at 12% compounded   compounded  monthly.    want to…

Q: find the amount that should be invested now at 8% compounded. quarterly to obtain $25,000 in 6 years

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Q: How much interest will you earn if you invest $5400 for 3 years at a simple interest rate of 4%…

A: We can solve this using simple interest formula S.I.= (P*R*T)/100

Q: An amount of $43,000 is borrowed for 6 years at 6.5% interest, compounded annually. If the loan is…

A: Interest is compounded annually, therefore n=1

Q: How much would you need to deposit in an account now in order to have $4000 in the account in 5…

A: to find:- amount to be deposited.

Q: What interest will be earned if $6600 is invested for 2 years at 12% compounded monthly? (Round your…

A:

Q: How much money should you put in a savings account now that earns 3.0% a year compounded weekly if…

A: Given: Final amount= $80,000. time period t= 15 years. Interest applied weekly.(n=52)

Q: When Abram was born, his parents put $2,000 into an account that yielded 1.2% interest, compounded…

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Q: What interest will be earned if $6000 is invested for 5 years at 13% compounded monthly? (Round your…

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Q: A $5000 investment is made in a savings account that pays 10%/a compounded quarterly. How long will…

A:

Q: If $13,500 is invested at 8% compounded quarterly, how much will this investment be worth in 24…

A:

Q: A company needs $8,000,000 in 5 years in order to expand their factory. How much should the company…

A: Solve for investment in each week

Q: Lily invested $90,000 in an account paying an interest rate of 4.6% compounded annually. Assuming no…

A:

Q: What interest will be earned if $6700 is invested for 2 years at 10% compounded monthly? (Round your…

A: Given

Q: A loan of $27,000 is made at 8.25% interest, compounded annually. After how many years will the…

A: A=P1+rtP is the initial amountA is the amount after t years.r is the rate of interest

Q: Suppose that $1000 is invested at a 10% interest rate compounded quarterly. b) How many years will…

A: Solution:Giveninvestmentment Amount=$1000     r=0.01To find (a) What will investment be worth after…

Q: You currently have $30,000 in your savings account. At what nominal interest rate compounded monthly…

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Q: What interest will be earned if $6800 is invested for 7 years at 12% compounded monthly? (Round your…

A:

Q: 2. How many years will it take for an investment to double in value if it earns 5% compounded…

A: Interest compounded annually is calculated by the formulas, A=P1+r100t…

Q: Noah invested $8,600 in an account paying an interest rate of 2.4% compounded monthly. Assuming no…

A: Use the directly formula for compound interest.

Q: What interest will be earned if $6500 is invested for 8 years at 13% compounded monthly? (Round your…

A: The given principal value P = $6500 The given time t = 8 years = 12*8 = 96 months  Interest rate =…

Q: How much money would be in an account after 5 years that pays 3% interest, compounded quarterly (4…

A:

Q: Jeremiah invested $70,000 in an account paying an interest rate of 6.8% compounded daily. Assuming…

A: A=$99000  P=$ 70000 r=6.8%=0.068 n=365 ( compounded daily)

Q: If $13,500 is invested at 8% compounded quarterly, how much will this investment be worth in 17…

A:

Q: Adrian invested $7,200 in an account paying an interest rate of 3.1% compounded monthly. Assuming no…

A: P=$7,200,  r=3.1%=0.031,  A=$12,110,  n=12

Q: A man expects to receive P20,000.00 in 10 years. How much is that money worth now considering…

A: Given problem is : A man expects to receive P20,000.00 in 10 years. How much is that money worth…

Q: You want to have a $ 93,477 college fund in 10 years.  How much will you have to deposit now in an…

A: Given Data: The expected accumulated balance after 10 years is: A=93477 $ The interest rate is:…

Q: If you invest $3000 at 5% compounded quarterly, how long will it take the account to double in time?…

A: P=3000,  r=5%=0.05,  n=4

Q: Chase invested $39,000 in an account paying an interest rate of 3.2% compounded daily. Assuming no…

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Q: Find the amount that results from the given investment. $700 invested at 3% compounded quarterly…

A: If P is investment amount, ris rate as a decimal, n is number of compoundings per year and t is time…

Q: How much money should be invested in an account that earns 6% interest,  compounded monthly, in…

A: Formula to be used

Q: an

A: Given that : Accounting pay = 7% In-order to calculate the future value factor formula = (1 +…

Q: How much money would you need to deposit today at 5% annual interest compounded monthly to have…

A: Reviewing information, Given r=Annual interest rate=5% A=Amount in the account=$20,000  t=duration=9…

Q: Morris’s parents would like to retire in 20 years with a total of $400000. How much would they need…

A:

Q: Kayla is going to invest in an account paying an interest rate of 2.9% compounded monthly. How much…

A: We know the compound interest formula:A=P1+rnntwhere A= Total amount         P=Principle amount…

Q: how much money should be invested now in order to have $18,000 in 4 years if the investment earns…

A: A=Final Amount=$18000 t=Number of time periods elapsed=4 years r=Interest Rate=5.4%=0.054 n=Number…

Q: How much will you need to put away to get 700 after 9 years at 6% compounded monthly?

A: A=700 Time = 9 years ROI = 6% = 0.06 n=12 ( Compounded monthly)

Q: If you invest $1000 at 4.5% compounded monthly, how lomg will it take the account to get to $5000?…

A: Given that If you invest $1000 at 4.5% compounded monthly, how long will it take the account to get…

Q: If $11,500 is invested at 10% compounded quarterly, how much will this investment be worth in 3…

A: Let P be the amount invested , r be rate of interest compounded quarterly, n be number of periods in…

Q: nearest

A: Please refer to the image below

Q: What interest will be earned if $6600 is invested for 7 years at 10% compounded monthly? (Round your…

A:

Q: How much should you invest now at 5% compounded quarterly to have $8000 in 4 years?

A: As in compound interest quarterly A = P1+rnnt

Q: If $5000 is invested for 8 years at 6% compounded monthly, how much interest will be earned?

A: Given that $5000 is invested for 8 years at 6% compounded monthly. It is required to find the amount…

Q: How much will you need to put away to get 1500 after 13 years at 9% compounded monthly?

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Q: How many years will 100 000 earned a compound interest of 500 000 if the interest rate is 9%…

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Q: What annual interest rate would allow Karen to double her investment if it is compounded quarterly…

A: The compound interest formula for an initial amount P deposited for a time period of t at a rate of…

Q: If $200 is invested at 6% compounded (A) annually, (B) quarterly, (C) monthly, what is the amount…

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Q: How much money should be invested every quarter at 10% per year, compounded quarterly, to have $5000…

A:

Q: A bank offers 8% interest rate compounded quarterly. How long will it take for an amount of money…

A: Interests rate offered by the bank is 8%, and compounded quarterly. We need to find the time…